Standard Chartered Private Equity (SCPE), an investment arm of Standard Chartered, and Boyu Capital have made a joint investment in Multi Concepts Link Restaurant Management (MCL), a China-focused desert cafe chain.
The financial terms were not disclosed.
The two investors will provide financial services and strategic consultancy to support MCL’s business expansion.
The company will use the proceeds to support MCL’s expansion in China’s quick service restaurant (QSR) sector.
Hong Kong-incorporated MCLcurrently operates a Chinese-style dessert cafe chain with over 210 directly-operated stores across China and Singapore.
Its stores are branded Honeymoon Dessert, or Man Ji Tian Pin in Chinese.